Business Credit Life Insurance
You put everything into your business. That makes it a primary source of financial security for you, your family and your employees.
With Business Credit Life Insurance1 you can help make sure the financial obligations of your business are met should someone important to the success of the business die or suffer a covered accident.
Affordable protection that takes care of business
Business Credit Life Insurance provides life and accident protection – and can pay a benefit equal to the balances on your eligible reducing credit products, plus the limits on your eligible revolving credit products2, up to $1 million per Insured Person.
Access to Best Doctors®
This automatic benefit for coverage of $25,000 or more can connect you to world-renowned medical specialists to confirm a diagnosis and treatment recommendations. Best Doctors® will help make sure you get the health care answers and information you need.3
Competitive group rates
Business Credit Life Insurance has competitive group rates, and lower rates are available for non-smokers. The monthly premium rates are calculated per $1,000 of coverage. View monthly premium rates.
How your premiums are calculated
To calculate the monthly premium for each Insured Person, find the rate that applies to him or her in the rate table and multiply it by the average amount of coverage during the month, then divide the answer by 1,000.
For a male non-smoker4, aged 35, whose business has a loan with an average balance for the month of $47,500 with an equal amount of coverage, the premium is:
$0.12 x $47,500 ÷ 1,000 = $5.70/month plus applicable provincial sales tax.
Protect what’s important today.
For more information, please call 1-888-983-7070 or visit your local TD Canada Trust Branch.